Question

Bring out the importance of social infrastructure for economic growth.

Answer 1

The importance of social infrastructure for economic growth is as follows:

1. Acts as a means of production by supplying labour and entrepreneurs.
2. Helps absorb and deploy new technologies through a skilled, trained workforce.
3. Increases labour efficiency; skilled and healthy workers are more productive.
4. Changes social outlook, especially in backward societies, promoting participation in development.
5. Adds to productive capacity by enabling the use and adaptation of modern techniques.
6. Improves quality of life via better health, education, and housing; raises life expectancy and literacy.